Positive Carbon, a firm that develops sensors to manage food waste in commercial kitchens, has secured EUR 2.3 million (~USD 2.46 million) during its seed funding round led by Business Venture Partners' EIIS fund, with Heartfelt, Gateway Ventures, and Enterprise Ireland also participating. This brings the company's total funding to just over EUR 3 million (~USD 3.2 million).
The funds will be utilized for research and development, strengthening marketing strategies, and expanding the company's operations across the UK and EU. The company claims its technology has contributed to a 50% reduction in food waste at various sites, diverting over 4,000 tonnes of waste from landfills.
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